The rise of consumer-permissioned data in the U.S. promises to expand the credit landscape. And for the “connectors” and the “collectors” of that data — which includes bank account level information that helps would be lenders follow the money, we’re seeing the emergence of new...
Call it the week of the platform. Earnings reports from firms that focus on bringing supply and demand together — in lending, for example, or for modernizing payments between merchants and consumers — were dominant in the headlines. With stocks remaining volatile in the wake of those earnings...
For the companies populating the FinTech IPO Index, earnings have been part of the continuing avalanche of headlines this past week. Earnings Begin to Trickle In Oportun shares soared 32.5%. The company this week announced preliminary results that showed expected revenue ranges of $248 million...
There were a few stunning surges this past week with the FinTech IPO Index, which added more than 5% through five sessions. And, as has been seen in the past few weeks, earnings were the key driver. Lufax Holding shares rallied about 73%. The company reported...
September 27, 2024
Earnings season won’t be for another few weeks. But earnings reports had some impact on the FinTech IPO Index, and gains were reserved chiefly for firms domiciled outside the U.S. as macro news from China helped goose the FinTech IPO Index slightly higher, by 0.5%. China’s Lufax Holding, which enables financial services products for small […]
May 17, 2024
Call it the week of the platform. Earnings reports from firms that focus on bringing supply and demand together — in lending, for example, or for modernizing payments between merchants...
April 26, 2024
For the companies populating the FinTech IPO Index, earnings have been part of the continuing avalanche of headlines this past week. Earnings Begin to Trickle In Oportun shares soared 32.5%....
March 22, 2024
There were a few stunning surges this past week with the FinTech IPO Index, which added more than 5% through five sessions. And, as has been seen in the past...
January 19, 2022
Buy now, pay later (BNPL) finance platform Sezzle is partnering with Genesis Credit and Oportun to expand Sezzle’s long-term finance product. The move complements Sezzle’s recent collaborations with Ally Lending and Bread/ADS. Sezzle plans to leverage the decades of expertise from its partners and extend high-ticket financing to more shoppers, which is an “inclusive expansion […]
December 22, 2021
Fintech Oportun has acquired neobanking platform Digit, which provides automated savings, investing and banking tools, the companies announced Wednesday (Dec. 22). Oportun works in low- to moderate-income lending. By buying...
October 11, 2021
Oportun, a specialist in low- to moderate-income lending, which services many Latinos, has withdrawn its application for a bank charter. The withdrawal was voluntary, and a report from the company...
